Textile machinery group likely to see an increase in exports this fiscal

News Tags: after a year of marginal growth, equipment for spinning, Exports of textile machinery, likely to see an increase, other accessories, range of about 15 to 20 percent, spinning accessories, tepid international demand, Textile Machinery Manufacturers Association, this fiscal year, weaving preparatory

Mumbai
Textile machinery group likely to see an increase in exports this fiscal
Summary: 
This fiscal year, exports of textile machinery, equipment for spinning, spinning accessories, weaving preparatory and of other accessories likely to see an increase in the range of about 15 to 20 percent, after a year of marginal growth due to tepid international demand in 2016-2017.

This fiscal year, exports of textile machinery, equipment for spinning, spinning accessories, weaving preparatory and of other accessories likely to see an increase in the range of about 15 to 20 percent, after a year of marginal growth due to tepid international demand in 2016-2017.

S. Chakraborty, secretary for the Textile Machinery Manufacturer’s Association, said that the international market did not see much growth last year. Further, for exports to grow in a particular market, the manufacturers needed to have local facilities to provide after sales and service support.

http://www.thehindu.com/todays-paper/tp-business/textile-machinery-group-sees-exports-picking-up/article19822102.ece
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India’s handloom export plunge to Rs1,500cr, 30% decline in FY2015-16

News Tags: adversely affected handloom exports, Economic slowdown in the US and the EU, fabric woven by hand, fast changing consumer preferences, Handloom export of India, Handloom Export Promotion Council, high production costs, lack of modernization, market dynamics, plunge by 30 percent, this fiscal year, total handloom export are hit majorly

New Delhi
India’s handloom export plunge to Rs1,500cr, 30% decline in FY2015-16
Summary: 
The handloom export of India was worth Rs2,240 crore a year ago which has come down to Rs1,500 crore in the fiscal 2015-16, states the annual report of the textile ministry. This is just 65% of the target fixed by the ministry.

The handloom export of India was worth Rs2,240 crore a year ago which has come down to Rs1,500 crore in the fiscal 2015-16, states the annual report of the textile ministry. This is just 65% of the target fixed by the ministry.

http://www.dnaindia.com/mumbai/report-india-s-handloom-export-declined-by-30-within-a-year-text-min-statistics-2241269
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